REQUIREMENTS TO FILE INTERNAL REVENUE SERVICE INFORMATION RETURNS

• Document Type: CREST
• Collection: General CIA Records
• Document Number (FOIA) /ESDN (CREST): CIA-RDP88G01332R000901070013-1
• Release Decision: RIPPUB
• Original Classification: K
• Document Page Count: 2
• Document Creation Date: December 27, 2016
• Document Release Date: January 13, 2012
• Sequence Number: 13
• Publication Date: December 29, 1986
• Content Type: MEMO

Declassified in Part - Sanitized Copy Approved for Release 2012/01/13: CIA-RDP88GO1332R000901070013-1 gee
ROUTING AND TRANSMITTAL SUP 30 Dec 86
EXECUTIVE SECRETARIAT
ROUTING SUP
ACTION
INFO
DATE
INITIAL
1
DCI
2
DDCI
3
EXDIR
4
D/ICS
5
DDI
DDA
7
DDO
8
DDS&T
9
Chm/NIC
10
GC
11
IG
12
Compt
13
0/OLL
14
D/PAO
15
VC/NIC
16
D/Finance
17
18
19
20
21
22
STA
TO: (Name. office symbol, room number,
building. Agency/Post)
1. DIRECIOR OF FINANCE
Initials
Date
2
4.
S.
File
Note and Return
proval
For Clearance
Per Conversation
uested
t
For Correction
Pre re Rep!y
ate
For Your Infownation
See Me
ent
Investigate
Signature
ination
Justi
#1 - FOR ACTION AS APPROPRIATE
cc: D/Personnel for info.
STAT
DO NOT use this form as a RECORD of approvals. concurrences, disposals,
clearances, and similar actions
EXA/DDA
OPTIONALWit" FORM 41 (Rev. 7-76)
Ma "r 1.206
Declassified in Part - Sanitized Copy Approved for Release 2012/01/13: CIA-RDP88GO1332R000901070013-1
 Declassified in Part - Sanitized Copy Approved for Release 2012/01/13: CIA-RDP88GO1332R000901070013-1
EXECUTIVE OFFICE OF THE PRESIDENT
OFFICE OF MANAGEMENT AND BUDGET
WASHINGTON. D.C. 20503
December 18, 1986
MEMORANDUM FOR HEADS OF EXECUTIVE DEPARTNTS AND AGENCIES
Integrity and A"i'ficiency
Chairman, Presi
Joseph R. Wright,
Deputy Director a
SUBJECT: Requirements to File Internal Revenue Service
Information Returns
A recent Government-wide audit by the President's Council on
Integrity and Efficiency (PCIE) disclosed that most departments
and agencies are not reporting a variety of nonwage payments,
which are taxable income, to the Internal Revenue Service (IRS).
Of the 14 Federal agencies reviewed 12 did not have any proce-
dures, or had inadequate policies and procedures, to implement
and ensure nonwage payments were reported on the Form 1099
information return.
The Internal Revenue Service uses the Form 1099 information
return to determine if taxpayers are reporting nonwage payments
as taxable income on their income tax returns and also to
determine if taxpayers are filing income tax returns. The PCIE
found about $9 billion in potential payments which were not
reported. Included were payments such as: taxable grants,
forgiveness of indebtedness, agricultural payments, interest
payments, commissions, and professional fees. If the $9 billion
had been reported, it would have generated between $500 to $600
million in additional tax revenues.
With the new tax season quickly approaching, I urge you to
direct your personnel, procurement, and finance staffs to work
together to achieve compliance with Form 1099 reporting
requirements. In addition, I suggest that your internal control
program should be designed to ensure that Form 1099 reporting
requirements continue to be followed.
Declassified in Part - Sanitized Copy Approved for Release 2012/01/13: CIA-RDP88GO1332R000901070013-1